DraftKings Inc. (NASDAQ: DKNG) jumps over 4% in early trading session on Monday as the firm stated that its third quarter 2022 results would be released before 8:30 a.m. EDT on November 4, 2022. On the same day, at 8:30 a.m. EDT, DraftKings will have a conference call to discuss the findings.
Investors.draftkings.com will host the Company’s results press release and supporting documents. To listen to the audio webcast and participate in the live Q&A, go to DraftKings’ investor relations website at investors.draftkings.com. The audio webcast will be accessible until 11:59 p.m. EST on December 14, 2022 on the Company’s investor relations website.
Walt Disney Co’s ESPN is close to a significant new collaboration deal with sports-betting operator DraftKings Inc, citing individuals familiar with the situation, Bloomberg News reported on Thursday.
According to the article, the proposed agreement will allow the sports broadcaster to benefit on the expanding tide of legalized sports betting. The story did not include financial or partnership structure information. DraftKings declined to comment on Reuters’ inquiry, but referred to its “long-term business partnership with ESPN.”
ESPN did not react promptly to Reuters’ inquiry. According to the Wall Street Journal, ESPN has been aiming to license its name to big sports betting organizations for at least $3 billion over several years in order to capitalize on the expanding online betting sector.
Disney owns an interest in DraftKings, which it bought in March 2019 as part of its acquisition of Twenty-First Century Fox’s entertainment holdings. A consortium of gambling businesses led by DraftKings Inc. (DKNG) and FanDuel Group is reducing advertising for a ballot proposition in California to allow online sports betting, despite surveys showing it is likely to lose.
According to campaign finance records, the online sports betting industry’s proposal, known as Proposition 27, has raised around $402 million, the highest in state history. However, according to ad-buying statistics examined by The Wall Street Journal, the pro-Prop 27 campaign, which has raised $169.2 million, recently canceled approximately $11 million in broadcast TV and cable advertising scheduled to air through Election Day.